Roslyn McKenna is an insurance publisher for Finder, where she's driven to help people get a great deal on insurance to protect their families and finances. Roslyn earned a BA in writing and communications from Maryville College and has written professionally for more than a decade, showing up on Bankrate, MSN and Reader's Digest.
What home insurance coverage does Chubb offer?
The main homeowners insurance product Chubb offers is called Chubb Masterpiece. As with most homeowners insurance policies, it doesn’t include earthquake or wildfire coverage, but you can add them on separately.
Chubb Masterpiece Homeowners Insurance offers the following coverage options:
Extended replacement cost. Losses that exceed your policy limit will still be covered, including additional costs from having to update to match modern building codes.
Temporary living arrangements. You may be able to get put up in a hotel or a similar house to your own while repairs for a covered loss are made.
Risk consulting. Get fire prevention and security advice while a risk consultant appraises your home to make sure the coverage you have lines up with what you need.
Cash settlement. If you don’t want to rebuild after a covered loss, you may be able to get a cash settlement up to your policy limit.
Replacement cost coverage. Upgrades you may have made — such as new flooring or appliances — are also covered at replacement cost, or you can take a cash settlement.
Additional coverage. What Chubb calls “extras” includes tree removal, key replacement, electronic data recovery and more.
What discounts can I get with Chubb?
The only discount on homeowners insurance Chubb advertises on its website is a portfolio discount for bundling your home insurance with other insurance products it offers. However, discounts for services and products other than your policy may be available.
When you use a preferred service provider in Chubb’s network, you may be able to get a discount on maintenance or loss prevention. Discounts can include:
Discounts off the retail price of a product or service offered
Complimentary estimates
Extras and accessories
Fee waivers
Coupons
Pros and cons of Chubb home insurance
Chubb serves affluent individuals, and specializes in insuring high-value items. The typical homeowner probably isn’t going to fall within the target demographic, but if you do, it may be the specialized provider you’ve been looking for.
Pros
Replacement cost used. Rather than using the cost you paid for a belonging or feature and factoring devaluation, Chubb uses the cost to replace it.
Get cash instead. You have the option to settle in cash up to the value of your policy for a covered loss.
Preferred service providers. Get discounts with contractors and service providers in Chubb’s network, including free estimates, complimentary extras, coupons and more.
Cons
Limited policy discounts. The only homeowners insurance discount provided is one for bundling your policy with other Chubb products.
High-cost premiums. Chubb offers products for homeowners with high-value possessions, which means the policies cost more than average.
Independent agent required. You’ll need to find an independent insurance agent, because you can’t apply directly with Chubb.
How to apply for Chubb home insurance
To apply for homeowners insurance with Chubb, you’ll have to go through an independent agent. You can find a local independent agent in your area that works with Chubb by following these steps:
Go to the Chubb website
Select Individuals and families then Home
Click Homeowners insurance
Scroll down and enter your ZIP code under Find an agent
Compare local agents and contact the one you’d like to work with
What info do I need to apply for home insurance with Chubb?
While Chubb doesn’t have a complete list of what you’ll need on its website, there are some standard items most providers require when you apply for homeowners insurance.
Applicant’s name and date of birth
Address
Email address and phone number
Number of people living at the address
Whether it’s a primary or secondary address
Whether there’s a business at the address
Building details including square footage, built-in appliances, number of stories and additional structures
Safety features installed including carbon monoxide monitoring, fire extinguishers, smoke directors and antitheft protection
How do I make a claim with Chubb?
You have a few options when making a claim with Chubb.
Online using the Chubb website or client portal
By phone at 800-252-4670
By fax at 800-300-2538
Through your local agent or broker
Alternatives to Chubb
If you’re looking to insure what’s priceless, but not necessarily expensive, you may want to check out other providers.
Bottom line
Chubb’s Homeowners Insurance is designed for the owners of fine homes and high-value possessions, providing peace of mind and security when you need it most. It’s a tough competitor but not unmatched, so compare your homeowners insurance options before applying.
Frequently asked questions about Chubb home insurance
Masterpiece is the name of Chubb’s homeowners insurance product. It includes a number of benefits and features that come standard with the policy, including extended replacement cost, cash settlement and more.
Chubb specializes in insuring homes and possessions that are exceptionally valuable. Because the amount of coverage is higher, the premiums are also more costly. It’s also considered a high-end provider, and that reputation comes with a more expensive price tag.
Yes. Residents of all 50 states can apply for homeowners insurance with Chubb.
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